Mumbai: Shares of IndusInd Bank rose 1.8% to ₹785 Thursday, rebounding from early lows, as investors took the lender's first quarterly loss in 20 years in their stride. The stock was down 5.8% earlier in the day Analysts, however, remain cautious. Most brokerages have slashed earnings estimates and flagged concerns over governance, asset quality, and CEO succession. While a few see value if recovery takes hold, the broader view warns of a slow, uncertain turnaround.UBSSees significant uncertainty around the bank's future. Warns of a potential drop in valuation due to multiple unresolved risks.Morgan Stanley Worst-case scenario is already unfolding. Slow and painful earnings recovery, with a weakening high-return loan mix.121348591ICICI SecuritiesWeak core profitability even after adjusting for one-offs. Expects low loan growth and high credit costs, which will pressure return ratios.CLSA 'A quarter to forget' with a ₹22billion loss from fraud, underperformance, and one-offs. Microfinance book stress remains elevated.HSBC Bank has reverted to pre-2009 quality levels. Recovery path is unclear.JefferiesClean-up was deeper than expected. CEO transition as a critical factor for future recovery.Macquarie Stock is undervalued if the worst is over. Concerns around asset quality, governance and CEO succession still persist.
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